Wireless Charging

Wireless Charging Market by Technology (Inductive, Radio Frequency, Resonant), Implementation (Receivers, Transmitters), Application - Global Forecast 2024-2030

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[182 Pages Report] The Wireless Charging Market size was estimated at USD 22.51 billion in 2023 and expected to reach USD 25.45 billion in 2024, at a CAGR 13.60% to reach USD 54.98 billion by 2030.

Wireless Charging Market
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The wireless charging market encompasses a broad range of technologies and devices that enable the transfer of electrical energy without physical connectors or cables. Innovations in consumer electronics lead to increased adoption of smartphones and wearables with integrated wireless charging capabilities. Rapid advancements in electric vehicle infrastructure are driving demand for convenient EV charging solutions. However, inefficiencies in power transfer compared to wired alternatives can lead to longer charging times and energy losses during transmission. Market players are working on developing improved efficiency levels and reducing energy losses during power transmission using advanced materials or novel system designs. Increasing deployment of IoT devices requiring efficient power sources and minimal maintenance efforts to improve overall operational efficiency is expected to elevate the need for advanced wireless charging. Moreover, a growing focus on patient-centric healthcare models prompts medical device manufacturers to encourage the incorporation of wireless power transmission features for better patient outcomes and user experience.

Wireless Charging Market - Global Forecast 2024-2030
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Technology: Rising preference for inductive charging for small-frequency devices

Inductive charging is based on the transfer of energy between two coils via electromagnetic fields. It requires precise alignment between the charger and device for efficient power transfer, and this technology is most suited for applications requiring a fixed position, such as electric toothbrushes and smartphones. Rather than relying on magnetic induction, radio frequency charging utilizes radio waves to transmit power. This technology can charge devices over longer distances without the need for direct contact or precise alignment between transmitters and receivers. Resonant charging leverages magnetic resonance to transfer energy between two coils. It allows power transmission over greater distances than inductive charging and can charge multiple devices simultaneously without requiring precise alignment.

Implementation: Advanced transceivers with Qi-standard to improve charging capacities

Receivers are responsible for converting the transmitted electromagnetic field into electrical energy, which is then used to charge the device's battery. Modern-day receivers employ advanced technologies such as Qi-compliant or resonance-based solutions to ensure efficient power transfer. Transmitters play a crucial role in generating an electromagnetic field that transfers energy to the receiver coil within the device being charged. Transmitters can either be single-coil or multi-coil, with the latter offering flexibility in device placement.

Application: Exponential use of electric vehicles powered by wireless charging solutions

Wireless charging technologies enable efficient power transfer to unmanned aerial vehicles (UAVs), communication devices, and onboard sensors in aerospace & defense industries. The automotive industry is experiencing rapid growth in the adoption of electric vehicles (EVs), driving the need for more convenient and efficient charging solutions. As smartphones, tablets, smartwatches, and other personal electronic devices become ubiquitous worldwide, consumers seek increasingly seamless wireless ways to keep their gadgets powered up without tangled cords or bulky chargers cluttering their spaces. Wireless charging can power medical implants, hearing aids, or electric wheelchairs without the need for invasive procedures or cumbersome charging stations. 5. In industrial settings where safety and efficiency are paramount, wireless charging provides a durable solution for powering heavy machinery, handheld tools, robotics, or sensors without electrical hazards or downtime due to cord damage.

Regional Insights

In the Americas, wireless charging has become increasingly popular due to growing consumer demand for convenient and efficient power solutions. The United States and Canada represent a significant portion of the global market share for wireless charging devices. Regarding production capabilities within the region, North America is home to some key players in the industry contributing to advancements in resonant and radio frequency-based technologies for wireless power transfer. Asia is a significant region in the wireless charging market both in terms of production capacity and adoption rates. Additionally, these countries have invested heavily in infrastructure that supports EVs with integrated wireless charging systems. Asia's competitive landscape highlights numerous regional players vying for market share and fostering innovation. Companies in Asia are building a dynamic ecosystem that promotes technological advancements and cost-effective solutions. The European market has shown steady growth in the adoption of wireless charging technologies as they are home to strong research institutions that drive innovation in wireless power transfer technology, particularly with regard to EVs and public transport. European automakers are integrating wireless charging systems into their vehicles to meet consumer demand for convenient EV power solutions.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wireless Charging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wireless Charging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Tesla Sells Its Recently Purchased German Wireless Charging Startup Wiferion

    Tesla Inc. recently acquired Wiferion, a wireless charging company based in Germany. As part of the acquisition, Tesla also brought on board most of Wiferion's engineering team. Through this acquisition, Tesla aims to bolster their wireless charger portfolios. [Published On: 2023-10-12]

  • Yank Technologies to Develop Wireless Charging Solutions for NASA's Autonomous Vehicles on the Moon

    Yank Technologies has recently been awarded a prestigious NASA SBIR Contract to develop high-power wireless charging solutions in the kilowatt range for autonomous vehicles on the Moon. Their patented and patent-pending technology offers the potential to significantly reduce assembly and warranty costs by eliminating complex wire harness connections. In addition, Yank Technologies has successfully developed new wireless power systems capable of dynamically powering robotic vehicles, thereby improving manufacturing uptime and productivity. [Published On: 2023-08-03]

  • Powercast, Powermat Partner on Wireless Charging

    Powercast Corporation and Powermat have recently announced a partnership designed to provide designers with enhanced capabilities in incorporating wireless power technology into their designs. This collaboration brings together both technologies' strengths, offering optimized short- and long-range charging solutions for various applications. [Published On: 2023-06-19]

Key Company Profiles

The report delves into recent significant developments in the Wireless Charging Market, highlighting leading vendors and their innovative profiles. These include Abracon LLC, Analog Devices, Inc., Anker Innovations Technology Co., Ltd, Apple Inc., Belkin, B&PLUS KK by Balluff GmbH, DAIHEN Corporation, Delta Electronics, Inc., Energizer Holdings, Inc., energysquare SAS, Hon Hai Precision Industry Co. Ltd., In2power NV, Infineon Technologies AG, Laird Technologies, Inc., LG Electronics Inc., Metaboards, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V, Ossia Inc., Panasonic Holdings Corporation, Plugless Power LLC, Powercast Corporation, Powermat Technologies Ltd., Renesas Electronics Corporation, Resonant Link, Inc., Robert Bosch GmbH, Samsung Electronics Co., Ltd., Semtech Corporation, Skyworks Solutions, Inc., Sony Group Corporation, STMicroelectronics N.V., TDK Corporation, Texas Instruments Incorporated, WiBotic Inc., Wiferion GmbH by PULS GmbH, WiTricity Corporation, Yank Technologies, Inc., and ZENS Consumer BV.

Market Segmentation & Coverage

This research report categorizes the Wireless Charging Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Technology
    • Inductive
    • Radio Frequency
    • Resonant
  • Implementation
    • Receivers
    • Transmitters
  • Application
    • Aerospace & Defense
    • Automotive
    • Consumer Electronics
    • Healthcare
    • Industrial

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Wireless Charging Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wireless Charging Market?
  3. What are the technology trends and regulatory frameworks in the Wireless Charging Market?
  4. What is the market share of the leading vendors in the Wireless Charging Market?
  5. Which modes and strategic moves are suitable for entering the Wireless Charging Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Wireless Charging Market, by Technology
  7. Wireless Charging Market, by Implementation
  8. Wireless Charging Market, by Application
  9. Americas Wireless Charging Market
  10. Asia-Pacific Wireless Charging Market
  11. Europe, Middle East & Africa Wireless Charging Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 288]
  16. List of Companies Mentioned [Total: 38]
Redefining the Charging Phenomena: Untangling the Clamor of Wireless Charging
January 10, 2024
INSIGHT
Redefining the Charging Phenomena: Untangling the Clamor of Wireless Charging
Cables and cords make way for wireless charging! New wireless charging technologies rely on electromagnetism to transmit current to devices. Durable, portable, and with a high charging speed, wireless charging ticks all the boxes a cable-weary consumer needs.

For years and years, cords and cables were the annoying necessity people couldn’t get rid of because of their essential role in charging batteries and devices. But times have changed, and wireless charging is making waves in diverse industries, including automotive, aerospace, healthcare, and manufacturing. Similar to traditional wired charging, wireless charging transmits power, too. However, in the case of wireless technology, conductive coils create a current between the wireless charger outlet and the phone, and voila, the phone is miraculously charged!

The automotive industry is jumping on the sustainability bandwagon to differentiate themselves, and electric vehicles and cars have become common jargon in today’s eco-conscious world. The wireless charging industry, too, has responded to the expansion of EVs by deploying wireless charging systems specifically tailored for EVs. In April 2023, WiTricity joined hands with YuTong Bus in China to provide wireless charging solutions for YuTong’s autonomous electric buses.

Wireless charging utilizes different flavors of electromagnetic technology, such as radio charging, inductive charging, and resonance charging. By tapping into the enigmatic powers of radiofrequency, wireless charging has forayed into the dimension of IoT and medical devices. In November 2023, Powercast and Nichicon unveiled a radiofrequency (RF) wireless charging solution for powering IoT sensors, wireless thermometers, and medical devices.

Wireless charging avoids the headache of searching for clunky chargers every time the device's battery dies down, and in a world that prioritizes efficiency and speed, wireless charging is sure to enjoy considerable attention.

The Convenient Era of Wireless Charging
October 9, 2023
BLOG
The Convenient Era of Wireless Charging
In this digital era, where smartphones and wearable devices are becoming widespread, charging has become a part of everyday life. With increasing usage, however, it should come as no surprise that charging devices have evolved too. The evolution of charging has led to the invention of wireless charging, which has become popular over the past few years.

Wireless charging has gained immense popularity in the past few years. It is the process of charging a device without having to plug it into a charger physically. All individuals have to do is place their device on a charging pad that uses an electromagnetic field to transfer energy to the device. The rising usage of smartphones and wearable devices has made wireless charging a widely adapted technology.

As the adoption of wireless charging increased, manufacturers began to integrate wireless charging functionality into their devices. Smartphones such as Apple’s iPhone, Samsung's Galaxy Series, and Google’s Pixel, among others, offer wireless charging as a feature that users can leverage once they own a wireless charging pad. Mobile gadgets such as smartwatches, fitness trackers, wireless earbuds, and many others have also started incorporating wireless charging functionality.

Wireless charging technology has made charging more convenient than ever before. The convenience this technology offers is two-fold - charging a device without having to deal with plugged wires or adapters and simultaneously charging multiple wireless devices by merely placing them on a charging pad.

Wireless charging technology works through a Qi wireless charging pad that uses an electromagnetic field to transfer energy. The charging pad consists of a thin coil that generates a magnetic field, and a receiving device has a similar coil inside it that accepts the energy the charging pad produces. Newer wireless chargers are equipped with the latest technology and have high-speed charging capabilities, fastening the charging process and quickening your device’s charging time.

Wireless charging technology has undoubtedly revolutionized charging gadgets, eliminating the trouble of having to deal with unwanted wires that tend to tangle and get lost. The introduction of wireless charging devices may have been somewhat slow, but the fast-paced growth in this technology has seen a significant adoption rate, especially in the smartphone and wearable device industries. The convenient wireless charging device, by providing wireless charging capabilities on cells, wireless earbuds, smartwatches, and many other devices, has resulted in the technology’s massive impact globally, shaping the new age of convenience.

Frequently Asked Questions
  1. How big is the Wireless Charging Market?
    Ans. The Global Wireless Charging Market size was estimated at USD 22.51 billion in 2023 and expected to reach USD 25.45 billion in 2024.
  2. What is the Wireless Charging Market growth?
    Ans. The Global Wireless Charging Market to grow USD 54.98 billion by 2030, at a CAGR of 13.60%
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